Payments News

On The Web

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Global

SoftBank’s PayPay Surges Ahead in Japan’s Digital Payments Race

“For six decades, shoppers at Mikawaya, a rice dealer in eastern Tokyo, paid in cash – until sales staff from payments app PayPay swept through the low-lying district, persuading the store to give their product a try. With customers clamouring to use the service and nearby stores signing up, PayPay’s offer of free installation and […]
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Global

Japan facing credit card number shortage as people stay home and shop

“As more and more credit cards are being issued while people in Japan stay home and shop amid the novel coronavirus pandemic, issuing companies are running out of 16-digit combinations for card numbers. The shortage of numbers has emerged against the backdrop of a rise in credit card payments from consumers staying indoors amid the […]
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Global

Japan Banks Unveil Plan to Build Cheaper Money Transfer System

“Japan’s biggest banks said they will jointly build a cheaper money transfer network catering mainly to small transactions among individuals, a move that may spur the nation’s drive toward going cashless. Five major banks including the domestic lending units of Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. […]

On The Wires

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Global

Smartpay Officially Launches the First All-in-one E-commerce Payment Solution and BNPL Service That Is Completely Free for Consumers

“Smartpay K.K. today announced the launch of its new “Buy Now Pay Later” (BNPL) service, which combines an all-in-one payment experience and interest free payment solution, designed to solve Japanese consumer payment issues and improve merchant conversion rates.Built out of a passion for enabling Japanese merchants to succeed in e-commerce, Smartpay aims to remove the […]
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Companies

Adyen Expands Acquiring Capabilities to Japan Amid Growing Momentum for Cashless Payments

“ADYEN (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today announced the expansion of its acquiring capabilities to include Japan…This announcement extends Adyen’s local acquiring capabilities in Asia-Pacific, following launches in Australia, New Zealand, Hong Kong, Malaysia, and Singapore, and is supported by demand from international and domestic […]
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Deals

Netstars Raises JPY6.6 Billion From Investors Including KKR, SIG and LUN Partners | NETSTARS CO., LTD

“Netstars Co., Ltd. (“Netstars” or the “Company”), the operator of Japan’s largest QR code payment gateway, today announced the completion of a JPY6.6 billion funding round. The round, which was made through a combination of a capital infusion and the allotment of new shares, includes a JPY4 billion investment made from funds managed by global […]
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Domains

Coupa Announces Strategic Partnership With Japan Cloud to Establish Coupa K.K.

“Coupa Software (NASDAQ: COUP ), a leader in Business Spend Management, today announced a strategic partnership with Japan Cloud to establish a joint venture known as Coupa K.K. This joint venture will enable Coupa to scale to support the growing number of Japanese companies looking to gain greater efficiency and agility through Business Spend Management.”
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Domains

EMQ Launches High Value Cross-border Settlements in Japan

“EMQ, a global financial settlement network, announces today the launch of its high transaction value cross-border settlements in Japan, which enables global businesses to send a maximum of JPY30 million directly into local banks. This major enhancement further expands our global payment capabilities into Japan, empowering global businesses to capture new opportunities across the markets.”
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